This morning we advised that gold and silver were counter-intuitively crashing in the aftermath of the ECB rate-cut, which a rational investor would expect to send gold and silver higher.
Welp, turns out that Bloomberg reports that the Bank of England & The Fed co-incidentally dumped gold just as gold and silver started a rational parabolic move higher this AM in response to the Euro crisis:
*MARKET SOURCES REPORT BIS, BOE & FEDERAL RESERVE WERE SELLING GOLD AFTER IT POPPED TO SESSION HIGH AT GMT 1335 - BLOOMBERG
Notice the pre-gold dump spikes in both charts:
STACK THE SMACK!
And again, for those who have not yet read/listened to Jim Willie's MUST READ RANT on the cartel's desperation to avoid a European debt collapse which will implode the derivative super-nova death star, DO SO NOW!
This action is obviously reminiscent of the gold dump by the Swiss National Bank 5 minutes prior to the announcement that the SNB was linking the CHF to the Euro. It reeks of desperation, and a BLATANT ATTEMPT to prevent the sheople from recognizing gold and silver as SAFE HAVENS FROM THE SYSTEMIC CRISIS!